Headquartered in Batavia, OH, Cutting Edge is a specialty diamond wire cutting, drilling and precision removal contractor.
In-Place Machining Company designs and develops specialized machine tool systems and provides precision field machining and measurement services to a broad range of industries. It is a portfolio company of Denver-based private equity firm Platte River Equity.
“Once again, Abacus Finance proved to be a very flexible and reliable partner,” said Platte River Equity Managing Director Mark Brown. “We were given certainty of closure early in the process, the turnaround was quick and the execution seamless. They’re really just great Americans.”
“We have a longstanding relationship with Platte River Equity, which we strongly value, just as they value our Total Partnership Approach,” said Tim Clifford, Abacus president and CEO.
“Platte River knows the industrial products and services space well, which made the underwriting process go smoothly,” added Abacus Senior Vice President Eric Petersen.
Abacus team members involved in the transaction included Petersen and Joseph Lee. Goulston & Storrs provided legal counsel to Abacus on the transaction.